Newspaper Page Text
Fed says recession
than indicated
By RICHARD HUGHES
UPI Business Writer
The recession is worse than
indicated by even one of the
bleakest government measure
ments, according to a Federal
Reserve study.
And even Democratic staff
members on the Senate Budget
Committee agreed there is little
Congress can do to prevent
high unemployment through
1976.
There also was further
evidence there has been no
upturn in the depressed con
struction industry.
But the stock market showed
continued strength. Prices Mon
day on the New York Stock
Exchange, as measured by the
Dow Jones industrial index,
soared 14.08 to 753.13.
The Dow closed at the highest
level for the year, exceeding
the prior high of 749.77 Feb. 21.
The Commerce Department
said construction spending
SMALL INCREASE
SAN JUAN, P.R. (UPI) -
Hotel occupany increased less
than one percent during 1974,
the government Tourism Deve
lopment Co. reported. The
island had 838,709 hotel guests
during the year compared with
832,709 in 1973.
HOMES FOR SALE
1542 OAKVIEW DRIVE
Thl* lovely home h*s 3 large bedrooms, central air, carpeting, all the extra!
you expect in a fine homo. Added feature* are large lot and highly deilrable
location. *3*,500
BICYCLE ROAD
(OH Highway n, north of GrIHIn). Like new f bedroom home on 1.1 acre*.
Carpeting, central heat, and large It x 32 workshop highlight thl* great
bu * *33,000
LEWIS DRIVE
Three (possibly 4) bedroom*, 1772 M|. ft. living area. Plenty of cabinet*,
carpet, central air, and full daylight baiement make thl* a tontistlc
buy. *34,*00
EAST McINTOSH ROAD
Great for growing family. Huge family room and fenced backyard sot thl* one
apart from all the other*. Two full bath*, 3 large bedroom*, central air.
Priced to *dl. MJ/W0
BRIARCUFF STREET
Thl* beautiful 3 bedroom - C<ONJrf osbl.d. Everything you expect In
fine living. u 8 *20,000
ZEBULON, GA.
Two brand new home* ready for occupancy. Farmer'* Home Administration
financing already for qualified applicant. No money Down. >17,000
ZEBULON, GEORGIA
Brand new 3 bedroom home. Ideal for growing family. Payment*
approximately *132.00, principal & Inttrost. HURRY. >17,300
124 BANKS ROAD
10 x 30 mobile and three acre*. Thl* I* a great buy for young couple or retired
couple. Plenty of privacy. **,730
WILLIAMSON, GEORGIA
Huge, livable * room home r OxPi nls I* tor the do-lt-your»olfer. **,*oo
141 SPALDING STREET
3 room frame home, excellent rental investment. Good neighborhood. *4,300
HIGH FALLS ROAD
Like new. 3 bedroom home with 2 full bath*. Large den with cathedral celling.
1430 sq. ft. living area, reduced to sell. *33,300
HIGH FALLS ROAD
3 bedroom home. Ideal for small family. Carpeting, central heat, owner
paying closing cost and points. *23,300
DICKERSON ROAD
2 homes. 5 mile* east of GrIHIn, under construction. 3 bedrooms, living room,
kitchen den combination. *21,300
REHOBETH ROAD
Beautiful 3 bedroom home, furnished or unfurnished. Located on 1.1 acres,
central air, 1 W bath*, carpeting. A groat buy at *34,000
WILSON ROAD
Immaculate 3 bedroom home, near GrIHIn Academy. Huoe family room,
Ibrick work shop goes with thl* great buy. *27,300
HEMPHILL ROAD
Very neat and original 2 bedroom home and 33 acre*, Vi in beautiful
hardwood*. Nice tike site. *47,300
BIRDIE ROAD
New 4 bedroom two story home, 2’/» baths. This home has everything you
expect. Huge den with fireplace. *32,300
WEST McINTOSH ROAD
3 room frame home on approximately 2V> acres. Excellent buy at >l(,300
104 LUCKY STREET
This 2 bedroom brick GP- cream puff. Fenced yard, beautiful
shrubbery, central air. V» *23,300
1340 JACKSON STREET
4 room frame home. Ideal tor small family. Possible VA Financing. (13,730
PIKE COUNTY
7 miles south of Zebulon. • room frame home on 3.* acres. VA
Financing.
ZEBULON
7 room, 2 story ante-bellum type home on huge lot. Ideal buy at *17,300
CLAYTON COUNTY
Bonania Subd. If you ar* looking tor a nice home dose to Atlanta this may be
it. Split level with 3 bedrooms. (33,300
CRYSTAL CREEK ROAD
Almost new double wide and 2 acres. 7 miles w*st of GrIHIn. See to
appreciate. *20,300
725 WILLIAMS STREET
3 room house on large fenced lot. Good Investment. *4,500
433 NORTH BTH ST.
Beautiful remodeled Gor»*7nß, large fenced yard. VA APP™™*;
Owner paying dosing Y* r 5i4,000
ACREAGE
Highway 34,4 acre* with well and septic tank. *4,*00
Deerwood Estates, 1 Vi acre*. *2,700
Jordan Hill Road, 1.1 acre*. 32,700
Kathy Lane - 2.14 acre*.
WE WANT YOUR CONSIDERATION IF YOU ARE
INTERESTED IN BUYING OR SELLING YOUR
PRESENT HOME. PROMPT ATTENTION WILL BE
GIVEN TO YOUR NEEDS.
Dorothy Maddox, Broker
Gerald Bailey, Salesman
If you are interested in buying and do not have a big down
payment give us a call and we will discus* various
methods of financing available today. Some require no
down payment and others as low as 3 percent. If you are
interested in selling your home, we promise to give your
needs prompt and professional attention.
WEST GRIFFIN REALTY ASSOCIATES
426 N. Expressway — Phone 227-3268
After 5 P.M. Phone 227-4112
dropped 2.7 per cent in January
to the annual rate of $128.1
billion, the lowest since Novem
ber, 1972, when it was $l2B
billion. Building volume was
15.5 per cent below a year ago
when inflation is discounted.
Residential housing and pub
lic construction both declined a
sharp 4.6 per cent and private
construction was down 1.8 per
cent.
A study of 12 sectors of the
economy by the Federal Re
serve Bank of Boston shows the
economy slumped in January at
almost twice the rate indicated
by the Commerce Department’s
composite of nine leading
economic indicators.
The index is considered a
better measurement than the
Commerce Department’s com
posite because it allows for
inflation and Commerce does
not.
The Fed’s study showed an
economic slide of 3 per cent
from January to February and
21.7 per cent since July, 1973,
when the index hit its peak of
120.4. In January it was 94.3.
“It shows we are in the for
the worst recession since we
started calculating the index”
22 years ago, the bank said.
The automobile industry fin
ished its rebate promotion
period last week on the
upswing, selling an estimated
200,000 cars in the Feb. 21-28
period —the best day-to-day
average since the 1975 models
were introduced in early
October.
The four automakers, howe
ver, said production for Febru
ary was off 34 per cent from
last year —the lowest February
production since 1961.
The staff of the Senate
Budget Committee released an
alternative to President Ford’s
budget saying it would speed
economic recovery but would
reduce average 1975 unemploy
ment from Ford’s projection of
8.1 per cent to 8 per cent.
The staff projected average
1976 unemployment at 7.5, only
slightly better than Ford’s
projection of 7.9 per cent. In
normal times, unemployment
averages about 4.5 per cent.
Stage set for release
of German politician
By United Press International
Five freed West German
prisoners took refuge in Aden
today and sent a volunteer
hostage back home, setting the
stage for the possible release of
a leading politician kidnaped by
left-wing guerrillas.
The plane that flew the five
freed prisoners to the South
Yemen capital left for West
Germany this morning with
Heinrich Albertz, a Protestant
pastor and former mayor of
West Berlin.
The kidnapers, believed still
holding Christian Democratic
political leader Peter Lorenz in
West Berlin, have promised to
release the captive after
Albertz returns to West Ger
many.
A spokesman for Lufthansa
said West Germany appealed to
South Yemen to let the five
guerrillas leave the plane in
Three suspects sought
in sponge plant fire
SHELTON, Conn. (UPI) -
Authorities hunted today for
three men who destroyed a $lO
million sponge rubber factory
with explosives during the
weekend. The blast left hun
dreds of workers without jobs.
Eight hundred persons who
worked at the factory signed up
for unemployment compensa
tion Monday and started the
hunt for new jobs.
Roy Ranno, 44, a factory
guard, was abducted at gun
point Saturday night by three
masked men who later detonat
ed a series of explosions,
leveling the sprawling Sponge
Rubber Products Co. plant.
Qne of the three abductors
suggested to Ranno and two
other workers that they be
longed to the radical “Weather
men,” but the FBI says there is
no proof of this claim.
Ordinarily, the radicals, now
known as the “Weather Under
ground,” use other means of
claiming responsibility for ter
rorism.
Whoever took Ranno and his
co-workers at gunpoint appar
ently was familar with explo
sives and their use. Plastic
bombs reportedly were used at
three points inside the factory,
although the FBI would neither
confirm nor deny the report.
The FBI entered the case
because explosives were used.
Three blasts shook the three
block long factory on the
Housatonic River before fire
raged through the building and
lighted the sky for miles
around.
“I don’t know where I’m
BAKER'S
Restaurant
And Lounge
676 North Expressway
HAPPY HOUR
4 to 7 DAILY
P.Y. honored
G. A. Pomroy (1), past grand commander of The Order of United Commercial Travelers of
America (UCT), presents P. Y. Luther a 60-year-membership award. Looking on are M. F.
Adams, Grand Past commander; and Charles Miller, (r) conductor of the Decatur chapter.
Mr. Luther is a retired traveling snuff salesman and has maintained his interest in UCT.
Aden and grant them political
asylum.
It has been six days since
Lorenz, head of the West Berlin
Christian Democratic party,
was abducted from his car by
leftist guerrillas.
His party, running on a law
and-order ticket, won the most
votes in last Sunday’s munici
pal election, but not enough to
form a majority government.
The Bonn government gave in
to the kidnapers’ demands
Monday morning, releasing five
jailed leftists and flying them
out of the country. Albertz
volunteered to go along as a
hostage.
The guerrillas landed in Aden
Monday night after flying over
the Middle East all afternoon in
search of a haven. Five
airports waved them off.
“The saving of Peter Lorenz’
life takes precedence over all
going to look for a job,” said
Ranno, a 24-year employe of
the plant that technically is still
owned by the B. F. Goodrich
Co., of Akron, Ohio. It sold its
Connecticut operations last
April, and taxes on the building
and property have been paid by
the prospective new owners,
Grand Sheet Metal Co. of Ohio,
Some of the displaced work
ers did not know where to turn
for work. Ranno, who with the
other abducted workers was
released unharmed, said “It’s
kind of hard to find a job now.”
The Connecticut Labor De-
U.S. escalates
Cambodia airlift
PHNOM PENH (UPI) -
Rebel forces today drove back
a government task force
seeking to ease the pressure on
the Phnom Penh airport, and
the United States again escalat
ed the size of its emergency
airlift to Cambodia. Rockets hit
Phnom Penh and the airport
for the 64th consecutive day.
Officials in Cambodia’s two
closest neighbors, South Viet
nam and Thailand, put finishing
touches on plans to evacuate
their embassy staffs if and
when the Communists take
Phnom Penh. South Vietnamese
troops were reported training
as an emergency street-fighting
unit to help in any evacuation.
Rebel gunners fired five
rockets into Phnom Penh today,
wounding six civilians, military
sources said. Another nine
shells hit Pochentong airport
and adjacent village, destroying
a house abandoned by a village
resident.
Government warplanes
bombed suspected rocket sites
east and northeast of Phnom
Penh today, but with no
apparent effect. They were
seeking to knock out the jungle
guns which shelled a hotel and
a pagoda Monday, killing 17
reasons of state,” Interior
Minister Werner Maihofer said
Monday in a television inter
view.
Albertz said over the plane’s
radio he asked South Yemen
officials to grant the prisoners
asylum “because that would be
the best that could happen.”
“They are waiting for a code
word to leave the plane,” an
official, who monitored the
radio, said. “They are still in
the plane. They all seem to be
in a very good mood, laughing
and joking. I could hear them
laughing.”
The prisoners were Rolf
Pohle, 32, serving six years for
robbery, Rolf Heissler, 26,
serving eight years for robbery,
Gabrieli Kroecher-Tiedemann,
23, serving eight years for
wounding a policeman, Verena
Becker, 23, awaiting trial for
murder and Ingrid Siepmann,
30, awaiting trial for robbery.
partment opened an emergency
office in the nearby Fowler
School and staffed it with eight
employes who processed be
tween 300 and 400 claims from
displaced factory workers.
A $1.3 million damage suit
was filed last month against
Goodrich in the Connecticut
Court of Common Pleas by 327
former employes who claimed
the company reneged on its
promise to give them three
months’ severance pay when
the sale was announced earlier
this year.
persons and wounding 17
others.
Government military officers
said an estimated 4,000 pro-
Communi,encircling a
key government base seven
miles west of the Pochentong
airport beat back relief efforts
by a Cambodian task force
today.
About 700 government troops,
backed by airstrikes and 60
armored cars, tried to break
through to the base at Prey
Puoch, but pulled back in the
face of heavy rebel artillery
and rifle fire.
Prey Puoch, surrounded by
antigovernment soldiers for
more than three weeks, now is
the only Cambodian position
between rebel troops and
Pochentong, the only supply
base for Phnom Penh.
Iptelligence officers said that
if Prey Puoch falls, the rebels
will be able to haul an
estimated 18 artillery pieces to
within range of Pochentong
airport, a development which
could close the airbase and
cause Phnom Penh to fall.
Retraction
bill passes
in House
ATLANTA (UPI) - A bill
that would require newspapers
to print retractions or correc
tions on the same page as the
original story appeared passed
the Georgia House by a 114-2
vote Monday.
Rep. Tom Shanahan, D-
Calhoun sponsored the bill
which was amended to state if
it was impractical for the
retraction or correction to
appear on the same page then
it shall be printed on the front
page.
Rep. John Adams, D-Rome
argued for passage of the bill
and said “how many times
have you seen a story on page
one and a retraction on page
38? I have many times.”
Another supporter of the bill
Rep. Ralph Parkman, D-
Carrollton, who is a newspaper
editor, told the House, “I ask
only that you help us police our
own profession.”
Johnson
overpaid
’74 taxes
ATLANTA (UPI) — Former
state Sen. Leroy Johnson,
convicted in federal court in
January of submitting a false
statement to the Internal
Revenue Service, said Monday
he has been notified he had
overpaid his 1974 taxes and will
get a refund.
Johnson released a notice he
said he received from the IRS
that stated he had overpaid his
1974 taxes by more than $6,000
and over $2,000 had been
applied to the back taxes he
owed for 1972 and 1973.
Johnson was acquitted in
January on two other charges
of evading taxes in 1972 and
1973.
NOTICE
1975 AUTO TAGS MAY BE ORDERED BY MAIL.
ALL REQUEST FOR MAIL ORDERS MUST BE MAILED BY 3/15/75
The following procedures will be used on all mail orders.
Complete the information as requested below and return to tag office.
I i
J Name J
I Mailing Address |
I Residence Address
! Name of Insurance Co. (Not Agent!)
I Tag No .9?.“ 1N . o .\ |
I Make of Vehicle Model Name I
■ Year M0de1....
I Telephone Number |
I (All information must be given before application can be mailed.)
Upon receiving the above information your tag application will be completed, your tax and
tag fee computed and mailed to you.
Sign application in the place marked signature of owner and return with your check or
money order made payable to: Ruby C. Hill, Agent
Your tag will then be mailed to you.
For information please call 227-9296.
Mail to: Ruby C. Hill, Tag Agent
P.0.80x186
Griffin, Georgia
Page 7
— Griffin Daily News Tuesday, March 4,1975
News summary
By United Press International
School for assassins
EAST LANSING, Mich (UPI) — Detroit Police Chief
Phillip Tannian said Monday, there was a school for
professional assassins in Detroit at one time, but it is now
out of business. He added, “With the exception of one, all
(students of the school) are either in jail or dead.” He
refused to give details about the school, because pre-trial
publicity might affect court cases in which details will be
revealed. “There are prosecutions pending,” the chief
said.
Postpone increases
WASHINGTON (UPI) — Hoping to speed action by
Congress on an overall energy program, President Ford
will postpone the last two increases of his oil import fee,
but will veto a bill that could suspend all three of them.
Indications are that Ford may accept a proposal that
includes a graduated tax on gasoline, starting at 5 cents a
gallon and building to 40 cents by 1979, put forward by
Rep. All Ullman, chairman of the House Ways and Means
Committee. The proposal also calls for cutting oil imports
by a million barrels a day over two to three years.
s Presents conclusions
WASHINGTON (UPI) — The eight-member
congressional fact-finding delegation, just returned from
Indochina presents its conclusions on Cambodia today to
the House foreign operations subcommittee. All of the
members recommend $75 million of emergency food be
sent there, and most of them favor sending about $l2O
million worth of ammunition to the beleaguered country.
: Split $6-million
TALLAHASSEE, Fla. (UPI) — The state of Florida and
a group of divers are splitting up an estimated $6 million
in treasure found in the wreckage of a ship near Key West,
Fla. The state will keep 25 per cent and Mel Fisher along
with his diving team, who retrieved the treasure, will keep
the rest. Fisher said one rare 1621 gold coin alone will sell
: for $15,000 to $25,000.
Feeds lion
NEW YORK (UPI) — Although life is rather dull most
of the time for Staten Island policemen, some offbeat
things do happen now and then. For instance Police
' Officer Frank Tully found himself feeding a hungry lion
! Monday. The lion was found chained behind an empty
house after a telephone caller said he had seen the beast.
>: The policemen who investigated, including Tully, fed the
lion dog food until a zoo officer came and tranquilized the
animal and carted it of to the Staten Island Zoo. The
question of who left the lion there is yet to be solved.
Ski slopes
opened
BANNER ELK, N.C. (UPI)
— Heavy snowfalls this week
end have opened slopes and
given new life to the North
Carolina ski industry.
Susie Cole, a spokesman for
the Sugar Mountain resort here,
said about 500 skiers were on
the slopes Monday. She said the
snow began falling Saturday
night and >was still falling
steadily Monday afternoon. The
area had reported up to 12
inches of White Powder, cli
maxing a year of peak business
for resorts.
w.
Va
wn o" .5.
KING
EDWARD